Tellurian shares are trading higher after Aethon Energy Management announced an agreement to acquire the company's integrated upstream assets and two million tons per annum of liquefied natural gas from its Driftwood LNG plant.
Portfolio Pulse from Benzinga Newsdesk
Tellurian shares are trading higher following Aethon Energy Management's agreement to acquire the company's integrated upstream assets and two million tons per annum of liquefied natural gas from its Driftwood LNG plant.
May 29, 2024 | 11:37 am
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POSITIVE IMPACT
Tellurian shares are experiencing a positive impact due to Aethon Energy Management's acquisition of its integrated upstream assets and LNG from the Driftwood LNG plant.
The acquisition by Aethon Energy Management is a significant development for Tellurian, as it involves key assets and a substantial amount of LNG. This is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100